The Daily Herold: April 11, 2025 – Legal War Games, Economic Shockwaves & The Truth About Tulsi

Jon Herold returns with a wide-ranging Friday breakdown of the week’s most explosive, and overlooked stories. He covers Trump’s ongoing legal war with regime-aligned law firms, including a new executive order revoking security clearances and forcing $500 million in pro bono legal work from firms like Kirkland & Ellis and Latham & Watkins. Jon questions how these law firms keep bending the knee and what kind of legal offensive Trump is preparing behind the scenes.

He dives into the unraveling global economy, explaining how Trump’s tariff pincer may be triggering a basis trade meltdown that could force the Fed to intervene, risking accusations of political bias. Treasury yields are rising when they should be falling, liquidity is evaporating, and Trump may be tightening the screws on the global financial system in real time.

The episode also covers Tulsi Gabbard’s much-hyped election integrity remarks, clarifying what she actually said, and didn’t. Jon calls out the cheerleader culture that elevates empty rhetoric over tangible results. He also highlights Gabbard’s appointment of a Koch-linked official against Trump’s own stated wishes, and questions why more aren’t raising concerns.

From the dismantling of Obama-era election security infrastructure to the declassification of more Russiagate receipts, a shakeup in Ukraine diplomacy, deep cuts to NASA, and AI lawsuit wars between Musk and Altman, Jon pulls no punches. If you’re looking for honest analysis, sharp critique, and zero tolerance for nonsense, this is your go-to wrap-up of the week.